Find out: Which Crypto Just Soared 70% In Three-Day Bull Run

Embattled DApps and smart contracts platform Tezos has become an unlikely trading hit this week after its XTZ token delivered sudden 70 percent returns.

Tezos Traders Go From Rags to Riches

Data from CoinMarketCap confirmed XTZ’s abrupt bull run, which began March 19. After trading at just under $0.50 for an extended period, XTZ/USD 00 shot up to a peak of more than $0.83, delivering three-day gains of 70 percent.

The performance marks a dramatic change for the token, which had previously traded rangebound between $0.33 and $0.49 since early December.

That ‘trough’ had come at the end of a long downturn for XTZ, which had shed value in line with the majority of altcoins as part of the cryptocurrency economy’s record bear market.

At press time, the pair had slightly come off its daily highs to trade nearer to $0.80, nonetheless to the delight of traders, some of whom had seen the opportunity beginning to develop before.

False Positive?

As Bitcoinist reported, Tezos has suffered multiple PR disasters in the eighteen months following its giant initial coin offering (ICO), which raised over $230 million.

A mixture of executive infighting, reshuffles and lack of progress frustrated token holders, some of whom even brought a lawsuit against the platform.

XTZ’s inflation would therefore appear to be a reaction to the only sign of progress to have appeared in recent times: this week, Tezos completed its voting procedure governing futures upgrades.

In a blog post, Tezos said it was “excited” about the progress, with the voting process set to enter its next stage, consisting of a roughly three-week period.

By contrast, developers had previously suggested that the upgrades would not be of huge interest to the wider community.

“Grosso modo, most implications are at a technical level and the expected impact is very low to most stakeholders,” a previous blog post read in January.

The Tie’s The Limit

At the same time, a popular theory surrounding TEZ has grown to involve a certain media appearance by Tim Draper, the billionaire Bitcoin advocate who is also a major investor in, and supporter of, Tezos and its founders.

In an interview as part of the HBO documentary ‘The Inventor: Out For Blood In Silicon Valley,’ which focuses on infamous startup Theranos, Draper defended the company’s founder, Elizabeth Holmes, while wearing a Bitcoin tie.

tim draper bitcoin tie theranos documentary

As Bitcoinist noted, the tie in fact makes regular appearances in the media, but within the context of Theranos, appeared to strike a chord with a fresh, much more mainstream audience.

Meanwhile, a year ago, even Tezos itself queried Draper’s fashion choice, subtly querying on social media why he had not acquired a similar tie which featured the Tezos logo.

What do you think about Tezos’ token performance? Let us know in the comments below!

Images courtesy of Shutterstock

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Source: Bitcoininst

Billionaire Recommends To Do This With Your Bitcoin

According to the US SEC, Bitcoin and Ethereum are the two most decentralized platforms. Indeed, as a pioneer and a growing network powered by a global community, Bitcoin represents freedom and a gradual disassociation from power. However, as dopamine-triggering as it is to own and transact with Bitcoin, we must not bury our heads in the sand.

Trading BTC is illegal in China, but the country is by a wider margin, home to more than 80 percent of all Bitcoin mining. Because of this, the “White House, in particular, seems to be thinking about what it means to have 80 percent of Bitcoin mining taking place in China and a majority of Ether mining taking place in China”, said Cory Johnson, the former Chief Marketing Strategist at Ripple in an interview. All in all, it will be counter-productive to orchestrate a 51 percent on the network despite claims that two Chinese pools have the firepower to attack the system even though it is highly unlikely.

While not allowing room for uncertainty, a Chinese billionaire Zhao Dong is calling for…

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XRP Price Prediction: Why Most Crypto Analysts Are Optimistic About XRP In 2019

Ripple has been making positive waves and buzz in the Crypto space, and it remains so for a long time. XRP is the third largest cryptocurrency by market cap and the top banks and institutional choice when it comes to adopting blockchain innovation. It is quite convincing that XRP will thrive in 2019. It’s not so surprising that many people are optimistic about the cryptocurrency in 2019 and beyond.

It appears that after XRP got out from months of the downtrend in September last year, it marked the end of a major bearish market for the cryptocurrency which is an excellent report not for only XRP’s price but also the entire cryptocurrency market.

There are so many analysts predicting good fate for Ripple. No one can certainly tell or know the exact future of any coin with the stir of the volatile market trend, however, with new interventions, the mass adaptation, and future developments, analysts are very confident that Ripple’s XRP will surpass its bullish price targets in 2019. According to analysts Ripple will significantly increase this year because of its prospect as a global payment solution with more banks trooping in its blockchain.

Explicitly, analysts have viewed Ripple’s partnership with American Express as a very interesting one, as it has successfully taken major grounds in the Chinese market which is a very great step as the huge Chinese market is already making a lot of digital payments. Permitted to settle in the Chinese Yuan, gives XRP the exchange right to the Chinese currency.

Many analysts are also expecting China to have about 10 billion credit cards circulating by 2020 which will result in a positive estimate and a vast number of payments. This with many other bank partnerships will get more companies aware of the potential of the cryptocurrency to banks…

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Why Litecoin Prices Have Doubled This Year

Litecoin has been having a good year.

While many digital currencies have been struggling during the so-called crypto winter, litecoin has been enjoying significant upside.

Thus far in 2019, the cryptocurrency has rallied more than 100%, climbing from $30.35 on January 1 to $62.77 on March 17, CoinMarketCap data shows.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Prime dealer SFOX sought to explain what caused these gains in an industry report, pointing to five key factors:

Merchant Adoption Has Increased

The industry report emphasized that litecoin, created in 2011, was designed to be a “frictionless, borderless, peer-to-peer electronic cash.”

As a result, anything that helps the digital currency fulfill this purpose can potentially boost its price.

In the years following its release, the number of businesses that accept litecoin as a means of payment has increased significantly.

The digital currency experienced a major breakthrough on February 12, when the Twitter account for mobile app Spend announced it was offering litecoin functionality, allowing people to use the digital currency as a payment method for more than 40 million global merchants.

Transactions Have Become Faster

Litecoin has been making progress toward decreasing its transaction time, which is crucial in helping this digital currency serve as a viable medium of exchange.

Both the number of active nodes and payment channels on litecoin’s lightning network have been on the rise this year, helping enable…

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Bitcoin And Crypto Billionaires Defy Price Downturn With Bold Bets

Bitcoin, the world’s first and largest cryptocurrency which has been struggling to justify its price recently, has found many new supporters amid its long-running bear market. But the loudest voices of support are coming from those who have been in the bitcoin and cryptocurrency industry for some time.

The bitcoin price has slumped over the last 15 months, falling from all-time highs of near $20,000 to around $4,000, and causing a bitter crypto winter to grip the sector.

Now, bitcoin and crypto wealthy, including billionaire Binance chief executive Changpeng Zhao, EOS co-founder and BlockOne CEO Brendan Blumer, and the billionaire Winklevoss twins of Facebook-founding fame, who went on to create the U.S. Gemini crypto exchange, have said they still have strong faith in bitcoin and crypto despite the downturn—and are betting prices will move higher.

“$4k & 300k. There are tough days, and there are good days,” Changpeng Zhao, who is often known simply as CZ, told his followers via Twitter over the weekend. “We are always here.”

CZ’s bitcoin and cryptocurrency exchange Binance, the world’s largest crypto exchange by volume, has found success recently with its binance coin. Binance coin this month surged past stellar and tron to become the seventh largest cryptocurrency by market capitalization, with a total value of $2.2 billion, up from just $800 million at the start of the year…

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Could Bitcoin (BTC) Be Mirroring Its November 2018 Pre-Crash Price Action?

Over the past couple of weeks Bitcoin has been caught in an incredibly tight trading range between roughly $3,900 and $4,000, with strong resistance existing at the latter price point. Earlier today, BTC saw increased levels of volatility, but it has since stabilized back to the lower-$3,900 region.

One analyst is now pointing out that Bitcoin’s current price action is looking strikingly similar to that which was seen in early-November just prior to BTC’s price crash that sent it from over $6,000 to nearly $3,000.

Bitcoin Experiences Slight Levels of Volatility Before Stabilizing Above $3,900 

At the time of writing Bitcoin is trading up marginally at its current price level of $3,930 and is up from its daily lows of slightly below $3,900. Earlier today, BTC experienced some slight levels of volatility after it quickly climbed to nearly $4,000 before being swiftly rejected and falling to below $3,900. It has since stabilized back to its current price levels.

Recently, analysts have been pointing out that the cryptocurrency’s recent price action is nearly identical to that seen in early-November of 2018, where BTC traded sideways at roughly $6,400 for an extended period of time before plummeting to lows of $3,200.

Moon Overlord, a popular cryptocurrency analyst, recently pointed this out, concisely stating that the crypto’s current price action is “feeling very similar [to] before the drop from…

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10 Biggest Ways Blockchain is Changing the World

Blockchain is certainly a technology that has gained a lot of attention in the past decade – and for good reason. For one, it has enabled one of the most interesting concepts of the day, cryptocurrency. It has also made our lives a lot simpler and easier. And the changes and benefits that blockchain has brought us have just started. Take a look at some of the biggest changes that blockchain has brought to the world:

Better Cybersecurity

Considering that blockchain was created to enable safer transactions between parties, it’s no wonder that it’s enabling better security all across the web. There are already many blockchain applications across the web that enable safer data storing. No one wants their personal data – name, social security number, credit card numbers and so on – stolen. This is why blockchain is great. It’s protecting the world against cyber crime.

Streamlining Financial Operations

While traditional methods of wiring money to someone across borders are really complex and require high fees, blockchain payments are really simple and have low fees. Traditional wiring involves many banks and intermediaries; which not only takes a long time, but also costs a lot. On the other hand, you have the blockchain, which streamlines financial transactions, where the money is sent directly and with low fees. It’s also quick.

Improved Advertising

Blockchain technology is useful in advertising because it boosts credibility. Companies can check whether the clicks they receive are from bots or real people, which is really important in boosting and improving the content that they produce. Statistics are more valid and they can actually be useful in finding out what you need to improve and what you can keep.

Cryptocurrency as Funding

Blockchain has enabled ICO, or initial coin offering, which is a new way of funding for blockchain startups. The company creates a white paper explaining their technology and investors can buy tokens in exchange for cryptocurrency like Bitcoin, Ether, and so on. This has shown to be very…

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These 4 Crypto Assets Break Above Key Moving Average

Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market.

A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels.

While a moving average of any length can be used, the 200-day moving average is a standard in financial analysis. Put simply, an asset trading above the 200-day MA is considered bullish (likely to move higher), while one trading below it is considered bearish (likely to move lower).

Since the long-time market leader bitcoin is not currently trading above its 200-day moving average, one could be forgiven for assuming all other cryptocurrencies are following its footsteps.

However, that is not the case…

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Bitcoin Price Falls

Report: 88% of Crypto Volume Could Be False, Is Bitcoin Price Drop Inevitable?

If you take one look at Coin Market Cap, it becomes easily apparent that cryptocurrency trading is reaching multi-month highs. However, researchers claim that many established crypto exchanges are reporting billions in false volume each and every day, potentially setting precedent for a nasty drop in the Bitcoin price.

For much of late-2018, exchanges in this space saw little traffic. Case in point, the daily nominal value of cryptocurrency trades fell under $10 billion on a number of occasions. But, ever since Bitcoin’s tumble in mid-November, trading activity has purportedly been on the up-and-up.

In February, exchanges posted a collective $25 billion or more — approximately 20% of the market value of all digital assets — in volumes each and every day. To give this statistic some much-needed perspective, this budding market hasn’t seen such activity seen early-2018, when cryptocurrencies were still trending on Twitter worldwide and mainstream media outlets covered the matter day in, day out.

But, Crypto Integrity, a blockchain-centric research division that specializes in market manipulation and fraud, claims that volume figures seen are far from cut and dried.

88% Of Trades Could Be False

Integrity released its February report earlier this week, which outlined the presence and veracity of “fake volumes in cryptocurrency markets.” The pseudonymous team explains that there’s a high likelihood that 88% of all trading volume seen on exchanges during February, which was when tumult in Bitcoin markets returned, is entirely false…

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How Rising Bitcoin Holdings of May Push BTC Price Up Significantly

The cryptocurrency industry was born during the fallout of the 2008 economic crisis that caused the Great Recession. Satoshi Nakamoto designed Bitcoin as the first-ever cryptocurrency with the goal of removing the control governments and banks had over individual’s funds.

Nakamoto designed the BTC supply to have a hard cap so that the cryptocurrency would have a deflationary attribute, but the limited supply also has a dramatic effect on Bitcoin price due to the ebb and flow of demand.

Intermediaries currently control as much as 16% of the BTC supply already, just ten years into the crypto’s life, and the percentage of control will only increase from here due to the influx of banks, businesses, and more trying to get a piece of the emerging crypto market.

But what implications will such control over the BTC supply have on Bitcoin price? And does this control go against everything Bitcoin itself stands for…

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